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Class 12 Tuition > Learn Class XI-XII Tuition (PUC) > Bills of exchange
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Bills of exchange

Vijayakumar V.
11/09/2018 0 0

Bills of exchange is a negotiable instrument. It is drawn by a creditor on the debtor and accepted by the debtor in writing for the amount owed by the debtor to settle it on a specific maturity date.

Bills of exchange can be discounted/sold by the drawer to a bank at a discount.

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